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Aptos: Why a $10 breakout could help APT reach $15

Aptos: Why a $10 breakout could help APT reach $15

Ambcrypto
Author:
Ambcrypto
Release Time:
2025-01-22 15:00:05
0
  • Aptos consolidated in the $7.50-$8.50 accumulation zone, signaling potential for a bullish rally.
  • Open Interest at $224.99M (+8.89%) reflected renewed speculative activity as APT neared the $10 resistance level.

Aptos [APT] has experienced a sharp correction, but at press time, the price had moved to consolidate in a crucial accumulation zone between $7.50 and $8.50. 

This zone, marked on the chart as an “area to hold for continuation,” indicates strong buying interest that could pave the way for further bullish momentum.

The Relative Strength Index (RSI) indicated neutral-to-bullish conditions, leaving room for upward movement. 

Source: X

If APT successfully clears the $10 resistance, it could pave the way for further advances toward $12.50 and $15. Crypto analyst Michaël van de Poppe stated, 

“Expect that it breaks $10, and then the next run is likely going to be big.”

Technical indicators show key levels

APT’s recent Golden Cross (13-period MA crossing above the 49-period MA) suggested bullish momentum.

But since then, the price has since fallen below both moving averages at $8.71 and $8.95, making these immediate resistance levels.

Source: TradingView

The Money Flow Index (MFI) was at 36.36, pointing to mild accumulation without significant buying pressure. 

Support at $8.50 remained critical, with further declines possible toward $8.00 if this level is breached. A move above $9.18 could signal renewed strength and open the door to higher resistance levels.

Futures market and Open Interest trends

According to Coinglass data, APT’s Open Interest (OI) was $224.99 million at press time, reflecting an 8.89% increase over the past 24 hours. 

This rise indicated renewed trader participation and speculative activity, with traders positioning themselves for a potential price movement.

Source: Coinglass

Historical OI trends showed fluctuations throughout 2024, peaking NEAR $400 million in March and November. 

The current build-up in OI suggests growing anticipation for increased volatility, particularly as APT approaches the critical $10 resistance.

Read Aptos’ [APT] Price Prediction 2025–2026

Liquidations and market activity

Liquidation data showed $33.22K in long positions and $7.81K in short positions, liquidated at a price of $8.6876. The majority of liquidations occurred on OKX, with $24.72K in long liquidations, indicating active trading.

Source: Coinglass

Liquidation levels remained low, signaling moderate leverage in the market. APT’s price action suggested consolidation, but a breakout above $10 could trigger stronger bullish momentum and higher targets.

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Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.

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